F.N.B. Corp. in Pittsburgh reported higher third-quarter profit, citing growth in commercial loans and leases and consumer loans.

The $16.8 billion-asset company said net income rose 14%, to $38 million, from the same period last year. Earnings per share rose 10%, to 22 cents.

Net interest income rose 3.9% to $127.2 million, aided by an 8% increase in net loans and leases, to $11.7 billion, and a 3.7% decline in its provision for loan losses.

The holding company for First National Bank of Pennsylvania said its net interest margin shrank 24 basis points, to 3.39%.

Noninterest income rose 10.1% to $41.4 million, on higher deposit service charges, insurance commissions and net securities gains.

Noninterest expense rose 2.4%, to $98.1 million, on higher compensation, federal deposit insurance and merger costs. The efficiency ratio improved to 55.59%.

F.N.B.'s shares were up 4.4% in midday trading Thursday, to $13.49.

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